Brought to you by WBIW News and Network Indiana
Last updated on Tuesday, July 26, 2011
(UNDATED) - The man Time Magazine calls the most powerful non-elected official in America says President Obama needs to put forward a written plan for a debt-ceiling deal, not just talk about it.
Americans For Tax Reform President Grover Norquist says that deal needs to include serious spending cuts.
Norquist was in Indianapolis for a Republican fundraiser, and to announce the formation of a "taxpayer protection caucus" in the State Senate.
Seven State Senators have signed Americans for tax reform's no-new-taxes pledge.
In congress, 41 U.S. Senators and a majority of the house, 240 members, have signed Norquist's pledge, vowing never to vote for any tax hike that isn't balanced by at least as much in tax cuts.
Critics charge the pledge has limited the ability of congress to negotiate a debt-ceiling deal.
Norquist responds Republicans have already compromised significantly, coming down from the six-trillion dollars in spending cuts they approved in House Budget Chairman Paul Ryan's proposed budget.
They're now offering to agree to 2.5 trillion in cuts, the same amount the debt ceiling needs to rise to avoid rekindling the debate next year.
Norquist argues it's Obama who won't compromise, by trying to get Republicans to abandon the ATR pledge.
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